Offshore

Valaris Sells DPS-1 for Recycling

Valaris has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.

Valaris DPS-1 semi-submersible rig. (Image credit: Valaris)

6, May 2026
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Valaris has sold its 10,000-ft semisubmersible Valaris DPS-1 for recycling after the rig was placed for sale in February 2026.

The unit is an F&G ExD design semisubmersible delivered by Jurong Shipyard in 2012. It had been stacked in Malaysia after Woodside released the rig from work offshore Australia in late 2025.

With Valaris DPS-1 sold, Valaris now has one semisubmersible remaining in its fleet. The remaining unit, Valaris MS-1, is also stacked in Malaysia.

Market sources indicate that Valaris is also considering retiring Valaris MS-1. No further details on the possible retirement were included in the source.

Tags: offshore drilling, Rig Recycling, Semisubmersible rig, Valaris, Valaris DPS-1, Woodside

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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